Regulatory Alerts2024-04-01
Added
MAS Notice FAA-N13 Minimum Entry and Examination Requirements for Representatives of Licensed Financial Advisers and Exempt Financial Advisers [Cancelled]
The Monetary Authority of Singapore cancelled MAS Notice FAA-N13, which previously governed eligibility, entry, and examination requirements for representatives of licensed and exempt financial advisers. The notice had mandated compliance with Capital Markets and Financial Advisory Services (CMFAS) examination standards and continuing professional development obligations for appointed representatives. This cancellation follows a series of amendments and consultations aimed at enhancing the competency of financial adviser representatives and promoting fair dealing outcomes in Singapore.
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